Credit Card Overview
Annual Fee
This Scotiabank Value® VISA* Card has an annual fee of $29
Saving
You save hundreds of dollars in interest in a year
Convenient
Pay down balances faster. Plus It simplifies your monthly payments.
Minimum Card Limit
The card has a minimum limit of $500. However supplementary cards are available at no extra cost if a joint account is opened.
Perks
The card provides car rental discounts from selected rental companies. Although it is not a rewards card.
Interest rate
The card charges 12.99% on purchase and cash advance rates. There is a 0.99% balance transfer rate for 1st six months.
Your Credit Card Details
The Scotiabank Value VISA Card is a low-interest card that charges only $29 per year. It is available to anyone with a credit score of 650 or higher. The card charges an interest rate of 12.99% on purchase and cash advances. There is a 0.99% balance transfer rate for 1st six months. This bonus is only for customers who open an account by July 1st, 2021. The minimum card limit is $500 but if you open a joint account, supplementary cards are available for no additional cost. Despite not belonging to the rewards category, this card provides discounts on rental cars from some selected companies. Moreover, the card provides a discount of up to 20% on rental cars at participating AVIS locations around the world. Secondary cardholders are provided the same car rental discounts as primary cardholders.
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Legal & Trademarks
* All product names, logos, brands, trademarks, and registered trademarks are the property of their respective owners. All company, product, and service names used in this website are for identification purposes only. Use of these names trademarks, and brands does not imply endorsement.
All other trademarks cited herein are the property of their respective owners.
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1 Offer Description and Conditions: The introductory 0.99% interest rate applies only to cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions) (collectively “Cash Advances”) subject to the conditions below (the “Offer”). This rate applies when the new Scotiabank Value Visa credit card account (“Account”) is opened by July 1, 2021 and will continue for 6 months from date of Account opening (the “Promotional Period”). This Offer is subject to any available limit for Cash Advances (the “Cash Advance Available Limit”) on your Account. This Offer cannot be used to transfer a balance from another Scotiabank Account, or to make a payment or deposit to another Scotiabank account. After the Promotional Period, the 0.99% interest rate on any promotional Cash Advances (including any that remain unpaid after the Promotional Period ends) will increase to the preferred interest rate on Cash Advances (currently 12.99%). If you don’t pay the minimum payment on your Account by the payment due date on your statement, two times in any consecutive 12-month period, you will lose the benefit of this promotional rate Offer and the interest rates that apply on any unpaid balance will increase to the standard annual interest rates that apply to your Account (currently 24.99% on purchases and 27.99% on Cash Advances).
Eligibility and Exclusions: Individuals who are currently or were previously primary or secondary cardholders of a Scotiabank retail credit card in the past 2 years, including those that switch from an existing Scotiabank retail credit card, as well as employees of Scotiabank, are not eligible for offer. Subject to the above exclusions, Scotiabank small business credit cardholders are eligible for the Offer.
Offer may be changed, cancelled or extended and cannot be combined with any other offers.
Payment Allocation: In general, if you make a payment that exceeds the minimum payment on your statement, we will apply your payment on a proportionate basis among each group of billed charges on your Account. We group charges based on the interest rate that applies to the group of charges. Your payment cannot be applied to the balance(s) of your choice. See your credit card agreement for more information about how we apply payments to your Account.
A Balance Transfer fee of 0% of the amount of each Balance Transfer transferred during the Promotional Period applies to this Offer.
Rates and Fees: The current annual fee is $29 for the primary card and $0 for each additional supplementary card.
The current preferred annual interest rates for the Account are: 12.99% on purchases and 12.99% on Cash Advances.
All rates, fees, features and benefits are subject to change.
Terms & Conditions
The detailed terms and conditions for this credit card can be found on the website of the financial institution that is offering this credit card. When you click the “Apply For This Card” link you will be redirected to the respective financial institution’s website where you can in detail read all of the respective terms, conditions, and additional details related to this credit card before you apply for it. Including details for any promotional offers if any that are currently being offered on this credit card.
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